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Insurance
Specialist Lloyd's insurer Neon has launched an underwriting operation in partnership with Italian marine broker, Cambiaso Risso, who will have a minority shareholding in the joint venture. 20 October 2017
Insurance
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has appointed Leonora Siccardi as EMEA and UK head of client services. 20 October 2017
Insurance
ILS investors are raising money and preparing to make new investments despite losses from recent natural catastrophes, according to the latest Willis quarterly ILS market update. 20 October 2017
Insurance
Hannover Re is expecting significant property/casualty (P&C) rate increases, particularly in the regions affected by recent hurricanes in North America, but also elsewhere in the upcoming renewals. 20 October 2017
Insurance
The preliminary data on claims from the Californian wildfires reaches $1.05 billion in losses from commercial and residential structures, personal and commercial vehicles, and agricultural equipment, the California Department of Insurance said in an Oct. 19 press release. 20 October 2017
Insurance
Sompo Holdings said on Oct. 20 that its incurred losses from natural catastrophes in the third quarter of 2017 are estimated at ¥70 billion ($620 million) before taxes and that it is now reviewing its full-year earnings forecast. 20 October 2017
Insurance
Specialist managing general agent (MGA) Manchester Underwriting Management has appointed Dan Cooper as claims manager. 20 October 2017
Insurance
Risk-based pricing of flood risk with the private market playing a prominent role in managing and insuring this risk represents the only sustainable solution that can remove the burden from the US taxpayer in the long term, Eric Andersen, chief executive of Aon Benfield, told PCI Today. 17 October 2017
Alternative Risk Transfer
Organisations increasingly recognise the growing value of technology and data assets relative to historical tangible assets, yet they are spending four times more budget on insurance for property, plant and equipment (PP&E) risks, a new report by Aon has revealed. 17 October 2017
Insurance
Aon Securities has published its annual ILS report: Alternative Capital Breaks New Boundaries. Paul Schultz, its chief executive, tells PCI Today about the key developments during what has been a record year for ILS. 17 October 2017
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